Introduction:

Creating an enticing compensation and benefits package is crucial for attracting suitable talent to achieve organizational goals. This course, "Compensation and Benefits Management, and Legal Issues," is designed to provide a comprehensive overview of how to design and deliver effective compensation and benefits programs. Participants will gain an understanding of key issues arising when structuring compensation and wage systems, developing attractive and fitting benefits packages, and handling legal matters.

Course Objectives:

By the end of the course, participants will be able to:

Identify competitive wage and entitlement practices.

Understand the significance of good compensation and benefits and reward plans.

Recognize the benefits of organizations moving away from industrial relations.

Know various rewards and compensation systems within the organization.

Acquire tools and techniques for rewards management and formulating and implementing performance.

Enhance the ability to use the reward system to boost performance.

Understand salary systems, pay structures, wage reviews, and salaries.

Understand wage policies and strategic reward implementation.

Combine the use of performance and strategic rewards.

Master payment systems and performance-related rewards.

Recognize emerging trends in compensation and benefits packages.

Training Methodology:

This course employs a mix of interactive techniques and methods, such as presentations, role-playing, group exercises, case studies, discussions, practical activities, and simulations.

Target Audience:

This course is aimed at HR specialists, analysts, coordinators, and professionals whose roles involve industrial relations, compensations, benefits, and reward systems within their organizations. It is also suitable for HR managers, employee affairs managers, organizational and administrative development managers.

Program Content:

Most Challenging Issues Facing Modern HR Management:

Characteristics and features of creative human resources.

Latest trends in HR management.

Key goals of HR management.

Effective human resources management systems.

Challenges facing HR management.

Salary, Compensation, and Benefits Systems:

Salary, compensation, and benefits systems.

The importance of salary, compensation, and benefits systems.

Components of salary, compensation, and benefits systems.

Problems of salary, compensation, and benefits systems.

Job evaluation methods and financial compensation.

Time-based pay and incentive pay.

Effective Conditions When Preparing a Compensation, Benefits, and Rewards System:

Justice in designing compensation, benefits, and rewards systems.

Example of a compensation, benefits, and rewards package.

How compensation, benefits, and rewards are calculated.

List of benefits and rewards that you can offer.

Steps in designing compensation, benefits, and rewards.

Motivation and Comprehensive Rewards Management:

Importance of motivation and types of incentives.

Conditions for an effective incentive system.

Motivational theories and job satisfaction.

I.M. Training model and its connection to incentives.

Role of HR Management in Building an Organizational Culture Translating Compensation and Benefits Management Strategy:

Identifying and building a creative organizational culture.

Job analysis and its uses.

HR management and the quality of job life.

The role of leadership based on a creative culture.

Change management and building high-performance organizations.

Quantitative Principles in Compensation and Benefits Management:

Data and information collection and analysis.

Calculating rates and the present value of cash.

Linking equations to compensation and benefits concepts.

Designing a comprehensive compensation and benefits system.

Identifying Competitive Wage and Entitlement Practices:

Job levels and market pricing.

Salary and wage data sources.

Measuring competitive benefits practices.

Employee relations and industrial relations.

Recognizing the benefits of employee engagement.

Using benefit policies for employee engagement.

Employee Relations Competencies:

Developing awareness and building good relationships with employees.

Principles of an effective communication strategy for employees.

Aligning communication effectiveness within the organization.

Constructive conflict in the workplace to achieve performance.